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Bank of America Faces Scrutiny After Coinbase User Alleges the Bank Closed His Account Over Bitcoin Transactions
15.7.2023
Bank of America has come under scrutiny after a Coinbase user claimed that the bank closed his account over Bitcoin transactions. Coinbase CEO Brian Armstrong quickly addressed the issue, asking other users if they have encountered the same problem with Bank of America. Coinbase’s CEO Raises...
The Best And Worst Witcher Season 3 Looks
13.7.2023
When the first season of Netflix’s adaptation of The Witcher aired back in 2019, there was some highly suspect hair and makeup. The contacts were unnerving, Henry Cavill’s Geralt wig was often a travesty (Jacqui Rathore, who was in charge of styling the wig, reportedly had nightmares about it),...
Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says
12.7.2023
If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted to cross-border payments. Balaji Srinivasan Speaks...
BIS Survey: 93% of the World’s Central Banks Are Engaged in CBDC Work
12.7.2023
The Bank for International Settlements (BIS), an organization that seeks to support the international cooperation of the world’s central banks, has released the results of its 2022 survey on central bank digital currencies (CBDC) and crypto. The survey found that 93% of the 86 banks surveyed...
Economist Peter Schiff Warns All Banks Will Fail, People Will Suffer Massive Losses as Banking Crisis Unfolds
12.7.2023
Economist Peter Schiff has warned that all banks will fail and anyone having a bank account will end up losing money. “No matter what happens, people are going to lose a tremendous amount as this banking crisis unfolds,” Schiff stressed. Peter Schiff Warns About All Banks Failing Economist and gold...
Central Banks Reduce US Dollar Holdings, Plan to Increase Chinese Yuan Exposure, Study Shows
11.7.2023
A study by a $1.5 trillion asset management firm has revealed that central banks are reducing their U.S. dollar holdings while seeking to increase Chinese yuan holdings. “Central banks are diversifying currency holdings, stirred by geopolitical uncertainties and attractive opportunities...
World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty
9.7.2023
On July 6, 2023, the World Gold Council (WGC) released its 2023 Mid-Year Outlook, revealing that a “strong first half for gold is likely to give way to a more neutral H2.” According to WGC researchers and market strategists, central banks are “nearing the end of their...
Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers
9.7.2023
After the Covid-19 pandemic, many people believe the implementation of extensive stimulus measures and quantitative easing (QE) policies resulted in an overwhelming surge of inflation that has burdened millions across the globe. While certain individuals attribute this economic turmoil to...
New York Federal Reserve and US Banks Complete Programmable Dollar CBDC Test
8.7.2023
The New York Federal Reserve and a group of financial institutions announced the successful conclusion of a proof-of-concept of the Regulated Liability Network (RLN), which contemplates the introduction of a dollar-based interbank central bank digital currency (CBDC). The test concluded that, using...
NY Fed, banks wrap up regulated liabilities network proof-of-concept using wCBDC
6.7.2023
The theoretical network would help the dollar maintain its status internationally with “game-changing” improvements in service
Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments
6.7.2023
Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday suggests the system has potential
Mastercard AI-powered tool to help banks fight fraud
6.7.2023
Mastercard revealed a new AI-driven tool available to banks for collecting insights to predict scams and frauds involving real-time payments
Chinese Banks Join Beijing’s Efforts to Integrate CBDC With Social Security Cards
6.7.2023
Chinese state-owned banks are set to join efforts to integrate the nation’s central bank digital currency (CBDC), the digital yuan, with government-issued social security cards.
Late last month, the Chinese Ministry of Human Resources and Social Security said it wanted to “explore and promote”...
Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments
5.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and...
Denmark orders Saxo Bank to erase cryptocurrency holdings
5.7.2023
DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said
India negotiates cross-border CBDC payments with global central banks
5.7.2023
The CBDC should enhance the country's potential for foreign trade with nations that lack U.S. dollar reserves
The High Rate Environment — Bank of America Faces Paper Losses Exceeding $100 Billion
4.7.2023
Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit Insurance Corporation (FDIC) reporting that...
Miners send millions to exchanges — 5 things to know in Bitcoin this week
3.7.2023
Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence
Argentina Allows Banks to Open Yuan Accounts — Economist Says It Could Boost Chinese Currency as Safe Haven Alternative to US Dollar
2.7.2023
The central bank of Argentina has officially included the Chinese yuan as a recognized currency for making deposits in bank accounts. “Opening yuan accounts could attract more people and enterprises to exchange Argentinian peso to yuan, as more or less a ‘safe haven’ currency, instead of exchanging...
Federal Reserve's banking bailouts reach a new weekly high of $103B
30.6.2023
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout